AEG Power Solutions predicts revenue increase but profit decline for 2012

Facebook
Twitter
LinkedIn
Reddit
Email

AEG Power Solutions, part of parent company 3W Power, has updated its guidance for its financial performance for 2012. The company, which is currently the subject of a friendly takeover bid by Andrem Power, which is itself wholly owned by Nordic Capital Fund VII, expects its revenue to grow to between €430 and €460 million from €428 million in 2011. However, profitability margins are expected to fall as a result of economic factors.

AEG expects an EBITDA margin of between 9% and 11% compared to 12.4% in 2011. First-quarter 2012 revenue and profitability look likely to come in below first-quarter 2011 results.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company cites various economic factors as being behind this drop in profitability, including challenges in obtaining project financing, inverter pricing pressures and FiT-related market fluctuations.

Read Next

May 23, 2025
The California State Assembly’s Appropriations Committee has passed a net metering bill that could worsen residential solar owners’ rates when acquiring a property.
May 23, 2025
TotalEnergies has commissioned its largest solar portfolio in Europe, a collection of five assets in Spain with a combined capacity of 263MW.
May 23, 2025
The US House of Representatives has passed a bill slashing tax credit provisions for clean energy projects.
May 23, 2025
As European power markets consolidate and become more competitive, the increasing frequency of negative capture prices is challenging the viability of renewable energy projects.
Premium
May 23, 2025
The PPA is a 'cornerstone' of the European renewables space, according to speakers at Solar Media's Renewables Procurement & Revenue Summit.
Premium
May 23, 2025
Tongwei's CEO has told an annual shareholder meeting that next year will see a turning point in industry fortunes as obsolete capacity is phased out.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia
Solar Media Events
September 16, 2025
Athens, Greece